Record spending by both the federal and state governments have set the nation up for a major fall.
A combination of among the highest taxes in the world, which equates to disincentivising the nation to aspire, poor productivity, and misdirected government subsidies sets the scene for major economic shock.
Australian governments have not prepared the nation for a major economic shock.
Australia also has among the highest interest rates in the Western World and it looks like they’re trending upwards.
